Nifty
Current: 7,849 (futures: 7,869)
Target: NA
Stop-long positions at 7,800. Stop-short positions at 8,940. Big moves could go till 7,750, 8,000. A bearspread of long 7,700p (42), short 7,600p (25) could gain 10-15 if the index hits 7,700.
Bank Nifty
Current: 16,754 (fut: 16,786)
Target: NA
Stop-loss long positions 16,690. Stop-loss short positions at 16,890. Big moves could go till 17,100, 16,475. Downtrend looks likely to continue.
Bharti Airtel
Current price: Rs 359
Target price: Rs 353
Keep a stop at Rs 362 and go short. Add to the position between Rs 354 and Rs 356. Book profits at Rs 353.
HCL Tech
Current price: Rs 709
Target price: Rs 695
Keep a stop at Rs 715 and go short. Add to the position between Rs 698 and Rs 702. Book profits at Rs 695.
Zee Entertainment
Current price: Rs 448
Target price: Rs 455
Keep a stop at Rs 445 and go long. Add to the position between Rs 452 and Rs 454. Book profits at Rs 455.
Target prices, projected movements in terms of next session, unless otherwise stated
